- Autodesk (ADSK, Financial) exceeds earnings projections with robust first-quarter results, reflecting strong financial performance.
- Wall Street analysts maintain a positive outlook, setting an average target price of $313.48, signaling potential stock growth.
- GuruFocus estimates suggest Autodesk's current valuation is favorable, with a projected GF Value increase.
Autodesk (ADSK) has captured attention by delivering outstanding first-quarter results that outperformed Wall Street's predictions. The company reported non-GAAP earnings per share of $2.29, which exceeded estimates by $0.14. Moreover, Autodesk's revenue reached $1.63 billion, surpassing expectations by $20 million, despite navigating challenging geopolitical landscapes.
Wall Street Analysts' Insights
Analysts have expressed confidence in Autodesk's potential, with price targets from 27 analysts averaging $313.48. This includes a high estimate of $374.00 and a low of $250.00, indicating a potential upside of 6.26% from the current $295.00 price. For a more in-depth analysis, visit the Autodesk Inc (ADSK, Financial) Forecast page.
The consensus from 32 brokerage firms places Autodesk Inc's (ADSK, Financial) average brokerage recommendation at 2.0, corresponding to an "Outperform" status. This rating scale, where 1 equals Strong Buy and 5 equals Sell, underscores the stock's favorable position.
GuruFocus Valuation Metrics
According to GuruFocus, the estimated GF Value for Autodesk Inc (ADSK, Financial) over the next year is $309.49. This figure represents a potential 4.91% upside from the current price of $295. The GF Value is a comprehensive measure that evaluates a stock's fair trading value, taking into account historical trading multiples, past business growth, and future performance projections. For additional data, refer to the Autodesk Inc (ADSK) Summary page.
